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0 sats \ 3 replies \ @Solomonsatoshi 29 Sep \ on: Do you believe in astrology for men? bitcoin
There is no guarantee Bitcoin will continue to appreciate in value - only past performance showing it does tend to over time. Any analysis seeking to estimate-project future performance must account for all influences upon the protocol and its operating environment ~ which is inherently impossible ~ and so we do have astrology for men ~ and a faith based hopium mysticism substituting for scientific fact based reasoned logic and rigour.
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0 sats \ 2 replies \ @rebel_nomad OP 29 Sep
Yep. If there is a place for it its downstream of all of that, and in most cases then only for timing
It would be super practical to actually be a successful, consistent daytrader though! But that is for a very few only, and they all tend to be psychological wrecks haha!
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0 sats \ 1 reply \ @Solomonsatoshi 29 Sep
Bitcoins tradability naturally makes us try to understand it and how it will behave ~ our motives may be purely selfish and profit motivated ~ but in the process it is unavoidable to invest a lot of effort into trying to better understand the current state of the world and where it is headed. Bitcoin some unexpected but beneficial consequences.
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10 sats \ 0 replies \ @rebel_nomad OP 29 Sep
Oh yeah!
What I've found very useful is that I've been watching the beast consistently for these years, until 2020 even without using candles nor reading any astrology theory!
All of my other analysis perhaps except for gold has been tailored to match how Bitcoin behaves, not the other way around...
This is perhaps what made me hang on through the worst bear market, as well as buy in again in January. My goal is to rebalance what I have a few times each year only, be it cash, gold or Bitcoin!
Another thing in all of this is that selling some Bitcoin in 2025 or late this year will protect the rest, since I could not easily get into a fiat mine even if I wanted ;-)
From 21 to this day selling gold has had that function, actually... Not an easy decision to sell that off too, and for that technical analysis did have some utility, but again as a subset of everything else.
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